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Topic: Business
Number of pages / Number of words: 23 / 6175
Essay's paper body

Data mining uses a lot of methods of statistics and modeling to help discovering useful pairs of hidden variables and turn them into knowledge. Technically, data mining is the process of finding correlations or patterns among dozens of fields in large relational databases.

These knowledge found will later be built into different models against the problem of the business, and provide reference clues for the decision making for the company...


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For example, banks and credit card issuers could classify, analyze, estimate and predict the large amount of customers by data mining techniques, to find out who are the most valuable customers, who are of the highest wastage rate, or to predict the trend responded rate of a new product or promotion could bring, which can supply suitable product or service at proper timing...


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General points of the essay

Data mining in customer acquisition Data mining Methods of data collection Putting Data To Work: Intelligently Using Data Mining, Data Warehousing And Databases. An Exploration of Understanding Heterogeneity through Data Mining DATA MINING IN HOMELAND SECURITY Data And Knowledge Management Data Input Methods Data Input, Output, Storage and Access Methods Data Mining In A Nut Shell Data Mining and Warehousing Data Modeling Tools Establishing a center of excellence for data mining Methods of Data methods of data input

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